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NASDAQ:CARGCarGurus Stock Price, Forecast & News

$27.40
+0.36 (+1.33 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$26.98
Now: $27.40
$27.87
50-Day Range
$18.30
MA: $22.68
$26.64
52-Week Range
$14.25
Now: $27.40
$40.91
Volume1.42 million shs
Average Volume1.96 million shs
Market Capitalization$3.09 billion
P/E Ratio74.05
Dividend YieldN/A
Beta2.03
CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company was founded in 2005 and is headquartered in Cambridge, Massachusetts.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.55 out of 5 stars


Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
SectorAuto/Tires/Trucks
Current SymbolNASDAQ:CARG
CUSIPN/A
Phone617-354-0068

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$588.92 million
Cash Flow$0.56 per share
Book Value$2.29 per share

Profitability

Net Income$42.15 million

Miscellaneous

Employees732
Market Cap$3.09 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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CarGurus (NASDAQ:CARG) Frequently Asked Questions

How has CarGurus' stock been impacted by COVID-19 (Coronavirus)?

CarGurus' stock was trading at $20.60 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CARG stock has increased by 33.0% and is now trading at $27.40. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of CarGurus?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CarGurus.

When is CarGurus' next earnings date?

CarGurus is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for CarGurus.

How were CarGurus' earnings last quarter?

CarGurus Inc (NASDAQ:CARG) issued its quarterly earnings data on Thursday, May, 7th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.07 by $0.12. The company earned $157.70 million during the quarter, compared to the consensus estimate of $150.06 million. CarGurus had a return on equity of 16.97% and a net margin of 6.91%. The business's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the company posted $0.12 EPS. View CarGurus' earnings history.

What price target have analysts set for CARG?

10 brokers have issued 12-month price targets for CarGurus' stock. Their forecasts range from $23.00 to $33.00. On average, they expect CarGurus' stock price to reach $29.13 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price. View analysts' price targets for CarGurus.

Has CarGurus been receiving favorable news coverage?

Media coverage about CARG stock has trended very negative this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. CarGurus earned a news impact score of -3.8 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View the latest news aboutCarGurus.

Are investors shorting CarGurus?

CarGurus saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,700,000 shares, an increase of 28.1% from the April 30th total of 5,230,000 shares. Based on an average trading volume of 2,510,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 8.0% of the shares of the stock are short sold. View CarGurus' Current Options Chain.

Who are some of CarGurus' key competitors?

What other stocks do shareholders of CarGurus own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Netflix (NFLX), salesforce.com (CRM), Roku (ROKU), Twilio (TWLO), Alibaba Group (BABA), Micron Technology (MU), Shopify (SHOP), Trade Desk (TTD), AMC Entertainment (AMC) and NVIDIA (NVDA).

Who are CarGurus' key executives?

CarGurus' management team includes the following people:
  • Mr. E. Langley Steinert, Founder, Chairman & CEO (Age 55)
  • Mr. Samuel Zales, COO & Pres (Age 55)
  • Mr. Jason M. Trevisan, CFO & Treasurer (Age 44)
  • Ms. Kathleen Bender Patton, Gen. Counsel & Sec. (Age 52)
  • Mr. Thomas Caputo, Chief Product Officer (Age 45)

When did CarGurus IPO?

(CARG) raised $132 million in an initial public offering on Thursday, October 12th 2017. The company issued 9,400,000 shares at a price of $13.00-$15.00 per share. Goldman Sachs, Allen & Company and RBC Capital Markets acted as the underwriters for the IPO and JMP Securities, Raymond James and William Blair were co-managers.

What is CarGurus' stock symbol?

CarGurus trades on the NASDAQ under the ticker symbol "CARG."

Who are CarGurus' major shareholders?

CarGurus' stock is owned by a number of retail and institutional investors. Top institutional investors include The Manufacturers Life Insurance Company (6.42%), Wellington Management Group LLP (5.90%), BlackRock Inc. (5.02%), Matrix Capital Management Company LP (3.38%), Blacksheep Fund Management Ltd (1.40%) and State Street Corp (1.38%). Company insiders that own CarGurus stock include Anastasios Parafestas, Argonaut 22 Llc, Ian G Smith, Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Oliver Ian Chrzan, Samuel Zales, Sarah Amory Welch, Spinnaker Capital Llc, Stephen Kaufer, Steven Conine and Thomas Michael Caputo. View institutional ownership trends for CarGurus.

Which major investors are selling CarGurus stock?

CARG stock was sold by a variety of institutional investors in the last quarter, including Matrix Capital Management Company LP, Clearbridge Investments LLC, Assenagon Asset Management S.A., BlackRock Inc., Two Sigma Investments LP, Telemark Asset Management LLC, Nuveen Asset Management LLC, and Crestwood Capital Management L.P.. Company insiders that have sold CarGurus company stock in the last year include Anastasios Parafestas, Ian G Smith, Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Samuel Zales, Sarah Amory Welch, and Thomas Michael Caputo. View insider buying and selling activity for CarGurus.

Which major investors are buying CarGurus stock?

CARG stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Healthcare of Ontario Pension Plan Trust Fund, Morgan Stanley, Morgan Stanley, Blacksheep Fund Management Ltd, Capital World Investors, JPMorgan Chase & Co., and Deutsche Bank AG. View insider buying and selling activity for CarGurus.

How do I buy shares of CarGurus?

Shares of CARG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is CarGurus' stock price today?

One share of CARG stock can currently be purchased for approximately $27.40.

How big of a company is CarGurus?

CarGurus has a market capitalization of $3.09 billion and generates $588.92 million in revenue each year. The company earns $42.15 million in net income (profit) each year or $0.38 on an earnings per share basis. CarGurus employs 732 workers across the globe.

What is CarGurus' official website?

The official website for CarGurus is www.cargurus.com.

How can I contact CarGurus?

CarGurus' mailing address is 2 Canal Park 4thFloor, Cambridge MA, 02141. The company can be reached via phone at 617-354-0068 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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